Market 2017-11-17 (FL, SQ, TSLA, and more)

Market cools down a little bit today after the strong bounce yesterday.

Strong housing starts data +13.7% as hurricane rebuild starts.

Gold rallies (GLD +1.2%) to near $1300 today amid tax reform uncertainty --- Senates will vote after Thanksgiving. Some Republican Senates show hesitation. Crude oil also rallies, USO +2.5%.

A video is released on Youtube by Boston Dynamics (Google company) that their new robot can back flip! Link

Winners

Foot Locker (FL +28.3%), +35% this week, and Shoe Carnival (SCVL + 29.7%), both reported solid earnings. Also lift DSW (+9.6%), FINL (+7.4%), DKS (+3%), NKE (+3.4%).

ANF also pops 23.5%: Q3 EPS of $0.30 beats by $0.08. Revenue of $859.11M (+4.5% Y/Y) beats by $40.21M.

GPS (+7%) amid ER, I have discussed yesterday.

ROST (+10%) also reported nice earnings, TJX +2.9%. TGT (+5.5%), KR (+5.1%).

Overall, retailers feel the holiday and experience a nice two-week run.

SPLK (+17.9%) reaches 52wk high after ER and guidance raise.

SQ (+5.4%) receives upgrades and price target hike. They will try bitcoin, which hits new high again.

FOX (+6.6%) FOXA (+6.2%) is talking with CMCSA (-2.5%), who provided all-stock offer. Disney (-0.2%) is also interested in FOX.

Barnes & Noble (BKS +4.9%) rejected take-over offer.

TSLA (+0.8%) was up 4% in early morning. I think the credibility of Elon Musk has been damaged over the past few years, although the new products release last night was pretty good. JB Hunt has reserved "multiple" truckers, which have 500 miles range. Walmart has pre-ordered "5". However, CMI gets hurt -4.6%.

Losers

AMAT (-2.4%) drops despite the ER beat and guidance raise. Who knows what the Street is thinking. KLAC -3%, INTC -2.2%.

Williams-Sonoma (WSM -13.4%) after an in-line ER. Today's drop breaks the recent up-trend, new support will be $44.

No trades today. Have a nice weekend!

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